In previous chart, Expected upsurge accomplished:
Nifty has reached the optimal supply zone and is expected to decline, at least up to 24,584. The retracement of wave A (0.786) could act as a strong resistance for a reversal. The lower boundary lies at 24,120, while 24,377 marks the low of wave (W). It’s better to consider the lower boundary as the potential maximum downside level.
Once the reversal level is identified, we will proceed toward the bullish path.
Stay tuned!
Money_Dictators
Thanks :)
Nifty has reached the optimal supply zone and is expected to decline, at least up to 24,584. The retracement of wave A (0.786) could act as a strong resistance for a reversal. The lower boundary lies at 24,120, while 24,377 marks the low of wave (W). It’s better to consider the lower boundary as the potential maximum downside level.
Once the reversal level is identified, we will proceed toward the bullish path.
Stay tuned!
Money_Dictators
Thanks :)
Life-time free telegram channel - t.me/moneydictators
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Life-time free telegram channel - t.me/moneydictators
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.